Often times we attribute the benefit of Bitcoin only to financial and economic sector of various businesses and nations. Have we ever thought about the benefit that the Bitcoin network will have if implemented on health care? Especially now that it is rising faster than we expected
Here are some of the benefit I can think of:
The application of blockchain technology is not restricted to any industry. Bitcoin can be utilised in every sector of the economy; how we choose to apply or utilise it is up to us. You know, that's just how other businesses and sectors use cryptocurrencies like bitcoin to simplify their own lives, therefore I believe that's how it should be.
Effective Payment process.
One of the advantages of Bitcoin technology is the ability to make seamless payment. Normal payment processes with traditional banks can be time consuming and delayed especially when it involves a large sum but with the help of Bitcoin technology, seamless payment transactions can be carried out.
Yes, but I would like to remind you that the government bears the primary responsibility for funding the health care system, and I do not believe that bitcoin will play a role in these processes. While it would be beneficial if it did, the government will not use the process to finance the health care system when they have their own local currency and banks.